Telstra, Australias largest telecommunications and media company, has net revenue of more than $26 billion (Australian). Some
Question:
Telstra, Australia’s largest telecommunications and media company, has net revenue of more than $26 billion (Australian). Some of the items included in its recent annual consolidated statement of cash flows presented using the direct method are listed here. Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (I), or Financing Activities (F) section of the statement or use (NA) if the item does not appear on the statement. (Note: This is the exact wording used on the actual statement.)
_____ 1. Receipts from customers.
_____ 2. Dividends paid.
_____ 3. Payment for share buy-back (repurchase of company stock).
_____ 4. Proceeds from sale of property, plant, and equipment.
_____ 5. Repayments of borrowings (bank debt).
_____ 6. Income taxes paid.
Step by Step Answer:
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge